Fund Performance per day (inception date : 03 Oct 06) : -0.6668

Today

JPY - Word has it that the investments were selling the USD/JPY pair today, which saw the decline of the USD against the Yen to 118.53 today. Other issues to look out for include North Korea threatening to stage a third and fourth nuclear test.

GBP - The pound fell across the board after this morning's very weak UK retail sales figures, while the euro got a small boost from news that Germany's six leading research institutes have revised up their economic growth forecasts. Figures out of the UK this morning showed retail sales fell by 0.4 pct in September from August, against expectations of a 0.4 pct rise and the first monthly fall since January. Further weighing on the pound were data suggesting that UK mortgage lending growth and approvals slowed in September, while public finances data for September were also much worse than the market had anticipated. Earlier today, some relatively dovish comments from Monetary Policy Committee member Rachel Lomax -- who said the recent rise in house prices did not signal the start of an economic boom -- had also weighed on the currency, particularly as the market has already fully priced in a rate hike next month.

EUR - The euro garnered support from news that Germany's six leading research institutes have revised up their forecast for economic growth in Europe's largest economy this year to 2.3 pct from their previous estimate of 1.8 pct. Germany's GDP growth in 2006 has been buoyed by strong domestic demand and increasing exports, the institutes said. They also revised up their estimate for GDP growth in 2007.

Later

2030h - USD : Initial Jobless Claims

2200h - USD : Leading Indicators

0000h - USD : Philadelphia Fed

1430h - JPY : Fuki speaks

1500h - JPY : Convenience Store Sales

1630h - GBP : GDP (QoQ)

God Speed everyone